766 Pelican, Laguna Beach, California 92651, Laguna Beach, 92651 - 4 bed, 4 bath
ACTIVE$4,990,000
766 Pelican, Laguna Beach, California 92651
4Beds
4Baths
3,869Sqft
17,424Lot
Price Vs. Estimate
The estimated value ($4,252,313.82) is $737,686.18 (14%) lower than the list price ($4,990,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17424, living area = 3869.
Top Cons:
Age of Construction: Built in 1986, the home is older than many luxury properties currently on the market, which may necessitate significant updates to meet contemporary design and amenity expectations.
Compared to the nearby listings
Price:$4.99M vs avg $3.12M (+$1,865,000)78%
Size:3,869 sqft vs avg 2,018 sqft88%
Price/sqft:$1.3K vs avg $1.6K33%
More Insights
Built in 1986 (39 years old).
Condition: Built in 1986, this property is 38 years old. The listing description is very brief and lacks any details about interior renovations or updates, and crucially, no interior images are provided. The property analysis explicitly notes 'Limited Description of Interior Upgrades,' suggesting the interior may not be fully updated to contemporary standards. While the exterior image shows a well-maintained facade and driveway, the absence of interior photos, particularly for key areas like the kitchen and bathrooms, strongly indicates that these areas likely reflect the property's age and would require minor to moderate updates to meet current buyer expectations and styles. Major systems are presumed functional due to regular upkeep, but components are likely outdated.
Year Built
1986
Close
-
List price
$4.99M
Original List price
$5.8M
Price/Sqft
$1,290
HOA
-
Days on market
-
Sold On
-
MLS number
LG25011328
Home ConditionFair
Features
Excellent View: Catalina, City Lights, Ocean, Panoramic, Water
ViewCatalina,City Lights,Ocean,Panoramic,Water
About this home
Custom home in Laguna Beach...
Nearby schools
9/10
Top Of The World Elementary School
Public,•K-5•1.3mi
9/10
El Morro Elementary School
Public,•K-5•3.8mi
9/10
Thurston Middle School
Public,•6-8•1.6mi
9/10
Laguna Beach High School
Public,•9-12•1.7mi
Condition Rating
Fair
Built in 1986, this property is 38 years old. The listing description is very brief and lacks any details about interior renovations or updates, and crucially, no interior images are provided. The property analysis explicitly notes 'Limited Description of Interior Upgrades,' suggesting the interior may not be fully updated to contemporary standards. While the exterior image shows a well-maintained facade and driveway, the absence of interior photos, particularly for key areas like the kitchen and bathrooms, strongly indicates that these areas likely reflect the property's age and would require minor to moderate updates to meet current buyer expectations and styles. Major systems are presumed functional due to regular upkeep, but components are likely outdated.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17424, living area = 3869.
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Laguna Beach High School (9/10).
Panoramic Ocean & City Views: The property boasts exceptional panoramic views including Catalina Island, city lights, and the Pacific Ocean, a highly coveted and premium feature in Laguna Beach.
Generous Lot Size: With a substantial 17,424 sqft (0.4 acres) lot, the property offers significant space for privacy, potential landscaping, or outdoor amenities, which is rare for the area.
Spacious Interior Living: At 3,869 sqft with 4 bedrooms and 4 bathrooms, the home provides ample and well-proportioned living space, suitable for various family configurations and entertaining.
Prime Laguna Beach Location: Situated in the prestigious Portafina subdivision within Laguna Beach, the property benefits from a highly desirable address and access to top-rated schools (all 9s).
Significant Price Adjustment: The current list price of $4.99M reflects a substantial reduction from the original $5.8M, indicating increased seller motivation and potentially better value for prospective buyers.
Cons
Age of Construction: Built in 1986, the home is older than many luxury properties currently on the market, which may necessitate significant updates to meet contemporary design and amenity expectations.
Overpriced Relative to Market Estimation: The listing price of $4.99M is considerably higher (approximately 17.3% above) the estimated property value of $4.25M, which could impact buyer perception of value and market competitiveness.
Limited Description of Interior Upgrades: The brief property description lacks specific details about recent renovations, modern finishes, or luxury amenities, potentially suggesting the interior may not be fully updated to justify its premium price point.